South Carolina § 63-5-635 - Transfer by obligor.
Full text of South Carolina South Carolina Code of Laws § 63-5-635 — Transfer by obligor., with citation guidance and answers to common questions.
§ 63-5-635. Transfer by obligor.
(a) Subject to subsections (b) and (c), a person not subject to Section 63-5-625 or 63-5-630 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to Section 63-5-645.
(b) If a person having the right to do so under Section 63-5-615 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(c) If no custodian has been nominated under Section 63-5-615, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $15,000 in value.
HISTORY: 2022 Act No. 128 (H.3821), SECTION 1, eff April 4, 2022.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 63-5-635
What does South Carolina Code of Laws § 63-5-635 cover?
Section 63-5-635 ("Transfer by obligor.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 63-5-635?
A common citation format is "South Carolina Code of Laws § 63-5-635" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 63-5-635 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.